Citi Downgrades Symantec (SYMC) to Neutral

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Go back to Citi Downgrades Symantec (SYMC) to Neutral

Symantec Reports First Quarter Fiscal Year 2016 Results

August 11, 2015 7:01 AM EDT

Q1 revenue flat Y/Y, adjusting for currency and an extra week in the June 2014 quarter Operating margin expansion of 480 bps Y/Y to 27.4%, adjusting for currency impact Signs definitive agreement to sell information management business for $8 billion Raises stock repurchase program to $2.6 billion and maintains dividend at $0.15

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Symantec Corp. (NASDAQ: SYMC) today reported the results of its first quarter of fiscal year 2016, ended July 3, 2015.

Michael... More

Symantec Announces Sale of Veritas to The Carlyle Group for $8 Billion in Cash

August 11, 2015 6:57 AM EDT

Symantec expects to receive approximately $6.3 billion in net cash proceeds Raises stock repurchase program to $2.6 billion and maintains dividend at $0.15

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Symantec Corp. (NASDAQ: SYMC) today announced that it has entered into a definitive agreement to sell its information management business, known as Veritas, to an investor group led by The Carlyle Group together with GIC, Singapores sovereign wealth fund, and other expected co-investors for $8 billion in cash. The transaction, which was unanimously approved by Symantec's Board... More